PEKAN JAKAR

PEKAN JAKAR in Bahagian Sarikei, Sarawak recorded 2 subsale transactions in 2023, with a median price of RM 735K and a median price per square foot (PSF) of RM 485.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 735K, with most transactions falling within a stable range of RM 520K to RM 950K, and a typical market range of RM 628K to RM 843K.

Most transactions involved 3 - 3 1/2 storey shop, with moderate diversity in property types available.

The median PSF stands at RM 485, with core pricing between RM 403 and RM 567. Market pricing typically extends from RM 444.00 to RM 526.00, reflecting moderate variation in unit pricing. The spread of RM 82.00 (IQR) and deviation of RM 82 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.